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Mortgage News for Saturday - January 10, 2004

More Mortgage News
• Mortgage owner's tactics under fire again
• Real Estate Mailbag
• 30-Year Loan Rates Edge Up to 5.87%
• For Homeowners, Lucrative Tax Benefits Depend on Interpretation of 'Principal Residence'
• Computers change US mortgage lending-study
• Renters Soon Get Opportunity To Boost Credit Records
• Find a cheaper mortgage loan
• The hottest suburb by a country mile
• Waterloo, Iowa, Area Expects Another Year of Robust Residential Sales
• Housing starts in 2003 at highest level since 1988, declares housing agency
• Wells Fargo banking charters combined in South Dakota
• Habitat for Humanity wants local support
• The art of finding a house
• First Financial stock falls on mortgage news
• Metro foreclosures at 15-year high
• New Visions to deliver services for residents of housing complex
• Mortgage Limit for Federal Housing Administration Loans Upped
• Brown County looks for lost real-estate records
• Group sets sight on predatory lending
• National housing starts reaches 15-year high in 2003
• Ryland Announces Plan to Repurchase Stock
• Centrue Financial Hires Regional President for Kankakee
Mortgage News
The art of finding a house - 2004-01-10
Armed with your down payment and your pre-approved mortgage loan, the next step is seeking the house that will best meet your family’s needs. With realistic expectations, patience, and a lot of research, you’ll be well on your way.

Once you narrow it down to the neighborhoods you like, you’ll want to determine the maximum house price you can afford. Even though you’re pre-approved for a set loan amount, it doesn’t mean you can afford it.
Read the full story at Cumberland Times
 
First Financial stock falls on mortgage news - 2004-01-10
First Financial Holdings Inc. stock weakened 8.2 percent Friday after the bank company indicated revenue from sale of mortgage loans would be down in the quarter ending Dec. 31.

The holding company of First Federal Savings said mortgage loan revenue would be down $200,000 for the quarter ending Dec. 31, compared to the previous quarter. The company said a slowdown in residential lending led to the decline.
Read the full story at The State
 






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